Spotify’s stock price has been on a promising upswing, with analysts setting ambitious targets as shares edge near $400. The last time SPOT approached this mark was in early 2021, fueled by high-profile content deals, but concerns over profitability and market pressures pulled it down to the $70s in 2022. Under CEO Daniel Ek’s direction, Spotify shifted focus to profitability, cutting unnecessary expenditures. Analysts are optimistic, with targets ranging up to $490 from firms like Morgan Stanley and Deutsche Bank, driven by projected subscriber growth, podcasting, and ad revenue.
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Mark Zuckerberg Dethroned: Three 22-Year-Old Mercor Founders Become Youngest Self-Made Billionaires
Mercor’s 22-year-old founders have become the world’s youngest self-made billionaires after a $350 million funding round valued the AI recruitment startup at $10 billion, surpassing Mark Zuckerberg’s record. Mercor, a fast-rising recruitment startup powering AI model training for Silicon Valley’s biggest labs, has created the world’s youngest self-made billionaires. Three 22-year-old cofounders, including two Americans of Indian origin, have dethroned Mark Zuckerberg as the world’s youngest sel
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Soho House Acquired for £2 Billion as Ashton Kutcher Joins Board
Private members' club chain Soho House has been snapped up for $2.7bn (£2bn) by a consortium involving Hollywood actor turned investor Ashton Kutcher. The group opened its first club in London in 1995, and now has 46 Soho Houses in Europe, North America and Asia, as well a string of other up-market hospitality businesses. It is widely regarded as being a popular haunt of A-list celebrities, and one of its London venues was reportedly where Prince Harry and Meghan Markle had their first date.
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Gauff beats Cirstea in Madrid despite stomach bug
Coco Gauff became the latest victim of the stomach virus that has been sweeping through the draw at the Madrid Open, but the ailing American still found a way to beat Sorana Cirstea 4-6, 7-5, 6-1 on Sunday and reach the round of 16. Several players have been struggling with illness in the Spanish capital this week, including Iga Swiatek, who was forced to retire from her match against Ann Li on Saturday, and Marin Cilic, who had to withdraw ahead of his second-round meeting with Joao Fonseca on
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Tim Cook steps down as Apple CEO, replaced by John Ternus
Tim Cook, the executive who steered Apple into a $4 trillion powerhouse and shaped its identity in the post-Steve Jobs era, is stepping down as CEO, the company announced Monday. John Ternus, Apple’s senior vice president of hardware engineering, will assume the role of CEO effective September 1. Cook will transition to executive chairman of the board and remain CEO through the summer to ensure a smooth handover. “It has been the greatest privilege of my life to be the CEO of Apple and to have
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Megan Thee Stallion Is Done Playing House With Klay Thompson
Megan Thee Stallion has ended things with Klay Thompson and, in classic Meg fashion, she didn’t tiptoe around the reason. In a now‑viral Instagram Story, she accused the Dallas Mavericks star of cheating, writing that he had her “around your whole family playing house… holding you down through all your horrible mood swings and treatment… got cold feet,” before signing off with a blunt “Bye y’all,” making it clear she was walking away for good. The post came after months of a very public romance
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Lakers win Rockets in OT thriller to take 3-0 series lead
The Los Angeles Lakers, fueled by 29 points from LeBron James, beat the Houston Rockets 112-108 in an overtime thriller on Friday to take a 3-0 stranglehold in their NBA playoff series. James, the 41-year-old superstar playing in his 19th postseason, came up with a steal and a game-tying three-pointer with 13.6 seconds left in regulation. He couldn't get a potential game-winner to drop at the buzzer, but added a steal and a block in a frantic overtime as the Lakers pushed the Rockets to the br
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